Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,401 shares of the company's stock after purchasing an additional 3,382 shares during the period. DekaBank Deutsche Girozentrale's holdings in Charter Communications were worth $13,601,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. lifted its stake in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications during the fourth quarter worth $36,000. Brown Brothers Harriman & Co. increased its position in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares during the period. NBC Securities Inc. purchased a new stake in shares of Charter Communications during the first quarter worth $47,000. Finally, Private Trust Co. NA increased its position in shares of Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock worth $59,000 after acquiring an additional 66 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock traded down $9.38 during mid-day trading on Friday, hitting $392.20. 813,949 shares of the stock were exchanged, compared to its average volume of 1,267,219. The stock's fifty day simple moving average is $401.73 and its two-hundred day simple moving average is $371.06. The stock has a market capitalization of $55.05 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.44 and a beta of 1.08. Charter Communications, Inc. has a 12-month low of $303.77 and a 12-month high of $437.06. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the prior year, the business earned $7.55 EPS. The business's quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHTR. Arete Research raised Charter Communications to a "strong sell" rating in a research report on Tuesday. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Bank of America upped their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Finally, Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research report on Friday, May 16th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $421.26.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.